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NZ FMA Warns of YouTube Crypto and Forex Investment Scam: 49 Websites Flagged
The Financial Markets Authority of New Zealand (NZ FMA) has been aware of an investment scam that is using YouTube channels to promote fake crypto investment websites. The financial regulator has flagged 49 fraudulent websites involving cryptocurrency and/or forex trading.
The websites are listed below:
- bi-investments.com
- phoenix-trades.com
- bricsinvestlimited.com
- binaryinv.ltd
- tradesmartsignals.com
- phoenixtradesinc.com
- binaryinvestments.ltd
- drettcapitals.com
- fibotracemarket.com
- bdswisstrades.com
- global-throne.org
- sonicbullmarket.com
- changefrontierllp.com
- retrocapitals.com
- profitingmarkets.com
- apexpointmarket.org
- bit-fountain.net
- stockdexx.org
- capttradingpartnersll.com
- remtrade.net
- stockluminator.com
- polychainfinance.com
- asset-maestro.com
- fxzmglobalcolt.com
- astute-holdingsllc.com
- omnistocktrade.com
- growthpointsllc.com
- bitmaxforextrading.com
- cryptonextrade.com
- wallsttrades.com
- matrixndx-mining.com
- corecapitals.com
- nerocommerce.com
- hubstradelimited.com
- mail.smartedge-asset.com
- simplefxtradingcrypto.com
- aitradecaptlt.com
- greengrowthinvestment.com
- peaktradeempire.com
- conceptradeltd.com
- goldenseveninv.com
- sumitcrest.com
- apexratecapital.com
- alphaswingmarket.com
- topfusiontrades.com
- obacoinex.com
- pocketmass.com
- bitstockassets.com
- primetradeslive.com
In the scam, fraudsters post videos on YouTube or other social media offering crypto “tips” and trading advice. They invite viewers to join private WhatsApp or Telegram groups with promises of prizes and gifts. Commenting on these videos allows scammers to access viewers' contact details and approach them directly via WhatsApp or Telegram. Once connected, scammers pose as investment experts, offering unrealistic promises like "earn $2,000 - $7,000 daily" or "generate profit within three days." They direct victims to fake investment platforms, often mimicking legitimate crypto exchanges. Initially, victims are encouraged to invest small amounts and are told they've earned huge profits, prompting them to invest more. When victims try to withdraw funds, scammers demand fees, which, even if paid, do not result in any payout.
The FMA reminds the public that if they come across these videos, investment platforms like this, or are added to unknown group chats, they should not engage with them or provide any personal information or identity documents.
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